The Federal Scholarship Tax Credit—also referred to as the Education Freedom Tax Credit, or EFTC—was signed into law last ...

The Lifetime Learning Credit can help cover graduate school and continuing education costs. You may deduct up to $2,500 in student loan interest, subject to income limits. 529 plans can cover a broad ...

Editor’s Note: The headline of this story has been updated. The Treasury Department and IRS on Thursday released rules for a ...

Education tax credits can help those who pay for higher education reduce their tax bill — and, in some cases, get more money in their refund. There are two main types of education tax credits: the ...

The Trump administration on Thursday released its plans for the nation’s first federal school choice tax credit, a move seen ...

Paying for education expenses is no joke. Recent data show that educators spend from $500 to $900 of their own money on school supplies, while families spend nearly $4,000 annually on K-12 education ...

Tax credits and deductions can help students, their parents and educators offset the costs of higher education and classroom supplies. For the lifetime learning credit and the American opportunity tax ...

You can claim other education tax credits with a tax-free 529 plan, but you can't "double dip" or claim credits for education expenses paid for with 529 funds. In some cases, it might be wise to pay ...

Newswise — For savings-focused students and parents, understanding education tax credits is critical at tax time. The key is knowing the difference between credits and deductions and understanding who ...